October 7, 2026/Cordros Report
At today’s NTB primary market auction, the DMO offered NGN900.00 billion across tenors, with total demand reaching NGN1.77 trillion, translating to a bid-to-offer ratio of 2.0x. The DMO ultimately allotted NGN968.47 billion, implying a bid-to-cover ratio of 1.8x. Stop rates contracted by 4 bps to 15.85% for the 364-day tenor while it stayed unchanged at 15.50% and 15.80% for the 91- and 182-day tenors, respectively.
Please see the results below
